Pink Shutter is a photo booth rental service. This was started by Lance Yabut and Tom Kanemoto in 2008. As of October 2023, Pink Shutter’s net worth is $5 million. They’re pulling in a whopping $5 million in annual revenue.
In 2013, they appeared on Season 4 of Shark Tank USA and made a deal with Barbara Corcoran for $300,000 for 33% of equity. The final valuation was approximately $909,000, down from the founder’s initial estimate of $3 million.
As of October 2023, Pink Shutter is actively running operations. You can check out their website for the latest work, and get their services.
Pink Shutter Net Worth
| Net worth | $5 million (2023) |
| Annual Sales Revenue | $5 million (2023) |
| Profits | – |
| Lifetime sales | – |
| Investor | Barbara Corcoran |
| Founder | Lance Yabut and Tom Kanemoto |
| Employees | – |
Pink Shutter Net Worth Timeline
| Net Worth 2023 | $5 million |
| Net Worth 2022 | $5 million |
| Net Worth 2021 | – |
| Net Worth 2020 | – |
| Net worth valuation in 2013 after appearing on Shark Tank | $909,000 |
| Net worth valuation in 2013 before appearing on Shark Tank | $3 million |
Pink Shutter Pitch on Shark Tank
| Company name | Pink Shutter |
| Product | Photo booth rental service |
| Episode | Season 04 Episode 24 |
| Founders | Lance Yabut and Tom Kanemoto |
| Asked for | $300,000 for 10% Equity |
| Final deal | $3000,000 for 33% Equity |
| Shark | Barbara Corcoran |
| Location | Los Angeles, California |
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Pink Shutter Founders
Pink Shutter was founded by Lance Yabut and Tom Kanemoto in 2008. These two entrepreneurs could utilize their knowledge of photography with creativity to come up with Pink Shutter. Pink Shutter’s founders, Lance Yabut and Tom Kanemoto, have a net worth of 3.6 Million USD as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2013 | Pink Shutter appeared on Shark Tank pitch and secured a deal |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Pink Shutter and its continued success.
